4 min read
London: Digital City on the Rise
As one of the great financial centers of the world, London was significantly affected by the financial crisis, with the financial services industry losing 8 percent of its jobs in only 12 months. Three years later, the London labor market has generated an almost 9 percent increase in employment in 2012 and 2013, far outperforming the less than 1 percent gain forecast in 2012 for that period. This report explores the significance of the digital sector to London’s economic strength, and how it has set the city to become a global tech capital.